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Agent-based simulation of electricity markets: a survey of tools

Zhi Zhou, Wai Kin (Victor) Chan, Joe H. Chow
2007 Artificial Intelligence Review  
We first provide an overview of electricity markets and briefly introduce the agent-based simulation technique. We then investigate several general-purpose agent-based simulation tools.  ...  Agent-based simulation has been a popular technique in modeling and analyzing electricity markets in recent years.  ...  Acknowledgments Some of the previous work of this paper was done with the assistance of Haibing Gao. This research is partially funded by the NYISO through grant PO# 7623.  ... 
doi:10.1007/s10462-009-9105-x fatcat:f2owewjaqjb73p3nedmsretxxi

Agent-based Simulation of Electricity Markets -A Literature Review-

Frank Sensuß, Massimo Genoese, Mario Ragwitz, Dominik Möst
2007 Energy Studies Review  
A promising approach for the scientific analysis of these developments is the field of agent-based simulation.  ...  The goal of this article is to provide an overview of the current work applying this methodology to the analysis of electricity markets.  ...  Using agent-based simulation to measure market efficiency Another group contributing to the field of agent-based simulation of electricity markets is a group led by Marija Ilić.  ... 
doi:10.15173/esr.v15i2.507 fatcat:6obuv6hblbebhfbf7wpqlhxz2e

Optimal Simulation of Three Peer to Peer (P2P) Business Models for Individual PV Prosumers in a Local Electricity Market Using Agent-Based Modelling

Marco Lovati, Xingxing Zhang, Pei Huang, Carl Olsmats, Laura Maturi
2020 Buildings  
Different local electricity markets are designed and studied using agent-based modelling technique, with different energy demands, cost–benefit schemes and financial hypotheses for an optimal evaluation  ...  It considers energy use behaviour, electricity/financial flows, ownerships and trading rules in a local electricity market.  ...  Load Profile Generator is a tool that simulates the electric demand for residential light and appliances.  ... 
doi:10.3390/buildings10080138 fatcat:uy6hnwcaljh7bbgtzpe65o4tsa

Multi-Criteria, Co-Evolutionary Charging Behavior: An Agent-Based Simulation of Urban Electromobility

Lennart Adenaw, Markus Lienkamp
2021 World Electric Vehicle Journal  
This article presents a novel agent-based simulation framework for urban electromobility aimed at the analysis of charging station utilization and user behavior.  ...  The simulation framework is tested and verified by means of a case study conducted in the city of Munich.  ...  Acknowledgments: We would like to thank Julius Drosten (J.D.) for implementing an initial prototype of the presented simulation framework within his student thesis.  ... 
doi:10.3390/wevj12010018 fatcat:sizsbifcvrfhjeudhy26iqgeam

A SURVEY OF MEDICAL IMAGE PROCESSING TOOLS

Lee Lay Khoon, Liew Siau Chuin
2016 International Journal of Software Engineering and Computer Systems  
These tools simulate complete systems consisting of several of the proposed processing components, in a configuration described by a graphical schematic diagram.  ...  A result table was attached and discussed in the paper and concluded with a discussion on the future of tool in biomedical or computer vision research.  ...  Other than that, we are also grateful for Malaysia's Department of Higher Education in providing the Fundamental Research Grant Scheme for our research.  ... 
doi:10.15282/ijsecs.2.2016.2.0013 fatcat:x4y5cpnqcvahrn6d3yjrmnrjh4

Methods for forecasting the market penetration of electric drivetrains in the passenger car market

Patrick Jochem, Jonatan J. Gómez Vilchez, Axel Ensslen, Johannes Schäuble, Wolf Fichtner
2017 Transport reviews  
We differentiate the following bottom-up approaches: Econometric models with disaggregated data (such as discrete choice), and agent-based simulation models.  ...  Methods for forecasting the market penetration of electric drivetrains in the passenger car market .  ...  Table 3 : 3 Selected literature on agent-based models of adoption A mixed logistic regression and an agent-based model are combined to simulate social network interactions.  ... 
doi:10.1080/01441647.2017.1326538 fatcat:j4v4intdjjefdlzmxbw374zs7q

Chapter 27 Market Design Using Agent-Based Models [chapter]

Robert Marks
2006 Handbook of Computational Economics  
This chapter explores the state of the emerging practice of designing markets by the use of agent-based modeling, with special reference to electricity markets and computerized (on-line) markets, perhaps  ...  The chapter highlights ten papers that exemplify recent progress in agent-based evolutionary analysis and design of markets in silico, using electricity markets and on-line double auctions as illustrations  ...  The authors used agent-based simulation in a coordination game to analyze the possibility of market power (structural or strategic, as 7 Acknowledgments  ... 
doi:10.1016/s1574-0021(05)02027-7 fatcat:lq62vglu7jg5dbbej4l2miavxe

Market power mitigation in the Colombian electricity market through on-site generation and demand response

Julian A. Rojas, Nicanor Quijano, Angela Cadena
2015 2015 IEEE 2nd Colombian Conference on Automatic Control (CCAC)  
This article evaluates the active demand-side participation in the Colombian electricity market as a strategy to mitigate the apparently market power.  ...  The model is developed as a potential game where the strategies available are each of the firms (mostly hydro-based) that are supposed to behave strategically.  ...  Making use of the powerful tool formulation of a complementarity problem, we have modeled the supply and demand side of an electricity market.  ... 
doi:10.1109/ccac.2015.7345198 fatcat:a4ydgfcvkbethbn7vlsrz3ji3i

Benchmarking Flexible Electric Loads Scheduling Algorithms under Market Price Uncertainty [article]

Koos van der Linden, Natalia Romero, Mathijs M. de Weerdt
2020 arXiv   pre-print
This paper presents a new benchmarking tool designed to bridge this gap. Surveys that classify flexibility planning algorithms were an input to define the benchmarking standards.  ...  It includes a simulation environment that captures the evolution of look--ahead information, which enables comparing online planning and scheduling algorithms.  ...  Acknowledgments The work presented in this paper is funded by the Netherlands Organization for Scientific Research (NWO), as part of the Uncertainty Reduction in Smart Energy Systems program (URSES)  ... 
arXiv:2002.01246v1 fatcat:istma7t4xjhbne4id3pc4ev524

Agent-based computational economics: methodology and its application in electricity market research

Yu Shun-, Yuan Jia-hai
2005 2005 International Power Engineering Conference  
Recently, under the paradigm of Agent-based computational economics (ACE) a new research focus is forming and a large number of literatures are springing up, but there is still no the discussion on ACE's  ...  The restructured electricity market is a complex adaptive system and worldwide experiences show that market design is a complicated task.  ...  Restructured electricity market is a complex system. Because of the deficiency of mathematics tools and experimental method, agent-based computational economics is proposed to help with them.  ... 
doi:10.1109/ipec.2005.206944 fatcat:mkpzqf7mk5bexgmu32tsc55raa

CASSANDRA - A simulation-based, decision-support tool for energy market stakeholders

Konstantinos Vavliakis, Anthony Chrysopoulos, Kyriakos Chatzidimitriou, Andreas Symeonidis, Pericles Mitkas
2015 Proceedings of the Eighth EAI International Conference on Simulation Tools and Techniques  
CASSANDRA serves as a tool for simulation of real demandside environments providing decision support for energy market stakeholders. The ultimate goal of the CASSANDRA  ...  The structural elements of the platform are a) the electrical installations (i.e. households, commercial stores, small industries etc.), b) the respective appliances installed, and c) the electrical consumption-related  ...  [20] described an agent-based simulation tool for examining the impact of real-time pricing methods on the power consumption of domestic users (households).  ... 
doi:10.4108/eai.24-8-2015.2261086 dblp:conf/simutools/VavliakisCCSM15 fatcat:rjcdzubr3ze43k76mn6mgz3p54

Ontologies to Enable Interoperability of Multi-Agent Electricity Markets Simulation and Decision Support

Gabriel Santos, Tiago Pinto, Zita Vale
2021 Electronics  
, and the market agents that participate in electricity market simulations.  ...  and adequate communication between AiD-EM and simulated market agents wishing to take advantage of this decision support tool.  ...  All authors have read and agreed to the published version of the manuscript. Conflicts of Interest: The authors declare no conflict of interest.  ... 
doi:10.3390/electronics10111270 fatcat:lfnryt2gknen5bhi26zdx5rbei

Can agent-based models forecast spot prices in electricity markets? Evidence from the New Zealand electricity market

David Young, Stephen Poletti, Oliver Browne
2014 Energy Economics  
This difficulty has inspired the recent development of bottom-up agent-based models of electricity markets.  ...  In this paper, we take one of the most promising algorithms, the modified Roth and Erev algorithm, and apply it to a 19-node simplification of the New Zealand electricity market.  ...  Literature Review Two recent surveys of the agent-based wholesale electricity market model literature were conducted by , and by Guerci et al. (2010) . 6 Here we wish to focus on some important issues  ... 
doi:10.1016/j.eneco.2014.08.007 fatcat:yv4ccupvgvcsnkimof42xxnspq

Can Agent-Based Models Forecast Spot Prices in Electricity Markets? Evidence from the New Zealand Electricity Market

David Young, Stephen Poletti, Oliver Browne
2012 Social Science Research Network  
This difficulty has inspired the recent development of bottom-up agent-based models of electricity markets.  ...  In this paper, we take one of the most promising algorithms, the modified Roth and Erev algorithm, and apply it to a 19-node simplification of the New Zealand electricity market.  ...  Literature Review Two recent surveys of the agent-based wholesale electricity market model literature were conducted by , and by Guerci et al. (2010) . 6 Here we wish to focus on some important issues  ... 
doi:10.2139/ssrn.2046853 fatcat:rwlwtxnrandfhn5zowdgvwxbeq

An agent-based decision support system for wholesale electricity market

Toshiyuki Sueyoshi, Gopalakrishna R. Tadiparthi
2008 Decision Support Systems  
The software uses a knowledge-base to fully utilize knowledge on a wholesale market of electricity. Each player in the wholesale market is represented by an agent.  ...  Traders can use the software as an effective decision-making tool by modeling and simulating a power market.  ...  Many research studies indicate that the combination of rough sets MASCEM (Multi Agent Simulation system for Competitive Electricity Markets) is a market simulator that makes use of Open Agent Architecture  ... 
doi:10.1016/j.dss.2007.05.007 fatcat:pivdabenp5euzeozjnpvhgwyna
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